The key point is that the "crackling" sound of typing is all from the masters.
Xiuyuan turned on a computer, opened the stock and took a look. He immediately frowned and the stock was suspended.
I found that the stock trading of Hudong Heavy Machinery in the past two months was a bit strange. First of all, the suspension period in October was too long.
Needless to say, the National Day holiday lasts for seven days. After the National Day, it happens to be a weekend, that is, October 8th and 9th. According to the regulations of the stock market, the market is also closed.
But on Monday, October 10, it should have been resumed, but Hudong Heavy Machinery's stock was suspended, and the suspension lasted until the 20th.
That is to say, there are only twelve trading days in October, and among these twelve days, there are two weekends. After subtracting these, there are only eight trading days left.
Looking further ahead, there are only four trading days in November, and trading has been suspended again.
That is to say, since the National Day, I have been looking at the stock market. Until today, nearly two months have passed, and Hudong Heavy Machinery has entered twelve trading days in a row.
Before the suspension, the last price was RMB 10.48 per share.
Compared with the National Day, it has fallen back a little. Of course, compared with the price I bought it at, I must have made a profit. Xiuyuan started to search for some news on the Internet. A while ago, he only remembered that China Shipbuilding, also known as Hudong Heavy Machinery, had risen sharply, but he had no idea how it had fallen back or how it had risen.
Now that I have bought it again, I still need to learn more about it.
News about Hudong Heavy Machinery came out very quickly. On October 10, Hudong Heavy Machinery suspended trading, mainly to hold a shareholders' meeting related to the equity split reform.
When the word "equity split reform" popped into Xiuyuan's mind, he suddenly had a vague idea. How did the bull market in 2007 come about?
In fact, it comes from the reform of share structure separation.
Before the equity split reform, the shares of listed companies did not carry rights, and the shares were divided into two types: tradable shareholders and non-tradable shareholders. The equity split reform was to convert the shares of non-tradable shareholders into tradable shareholders.
It was also from this time that there came the talk of company founders cashing out. Before that, they were all non-circulating shareholders. It was impossible for you to cash out. The shares held by the founders of your company were all non-circulating shares and could not be listed.
Of course, before the equity split reform, it doesn’t mean that major shareholders and non-circulating shareholders cannot make money and cooperate with market makers to control the market and make money.
Xiuyuan shook his head, shooing these thoughts out of his mind and continuing to follow the news about Hudong Heavy Machinery. Those big events had nothing to do with him right now. The subsequent suspension of trading was also due to this incident.
What Xiuyuan is concerned about is a notice here, which states that for every 10 circulating shares, non-circulating shareholders can receive 2.8 shares as consideration.
In other words, the number of shares he bought before has increased. He originally bought 10,000 shares, but now after the distribution, he will have 12,800 shares.
For example, if the original price was ten dollars per share, then his stock was worth one hundred thousand. Now after the distribution, there are 12,800 shares, and at the same price of ten dollars per share, the total value is one hundred and twenty-eight thousand dollars.
Of course, even if Xiuyuan had never traded stocks before, he knew that after this stock distribution, the stock price would definitely fall. However, Xiuyuan didn't care about this. Let it fall. It was only 2005 and there was plenty of time for it to rise again.
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